Top Hat
PrivateLast Round
Series E
Feb 4, 2021
Est. Valuation
$500M
Total Funding Raised
$236.1M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Top Hat is an educational software company that provides an all-in-one courseware platform designed to help educators create interactive, personalized, and evidence-based learning experiences.
Sector
Enterprise Software
Verticals
Vertical SaaS, Digital Publishing, User-Generated Content, NLP & Conversational AI, Business Intelligence
Business Model
B2B2C
Customer Profile
Subscription SaaS, Freemium, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Top Hat Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Top Hat Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series E | Feb 4, 2021 | ||||
| Series D | Feb 4, 2020 | ||||
| Series C Extension | Jun 14, 2017 | ||||
| Series C | Feb 15, 2017 | ||||
| Series B | May 6, 2014 | ||||
Series A Extension | Jan 18, 2013 |
Key People
Founding team and executive leadership
Top Hat Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Uncork Capital | Series A, Series C, Series B |
| Maple Leaf Angels | Seed |
| Georgian | Series E, Series C, Series D, Series B |
| Union Square Ventures | Series E, Series D, Series C |
| North 50 Venture Capital | Series D |
| Inovia Capital | Series A, Series C, Series B, Series D |
| BMO Technology and Innovation Banking Group | Series D |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 1, 2026
Over 3 million students use the platform across 750 institutions.
- Oct 28, 2025
Launched a new accessibility tool within its AI-powered assistant, Ace.
Top Hat Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Top Hat's valuation, stock price, and market status.